MoneyWeek map: Countries in breach of EU debt limits

published 30 April 2012

The new European Fiscal Compact treaty was signed by all European Union members except the Czech Republic and Britain in March this year. Within the treaty is a commitment to keep government debt to below 60% of GDP, and to reduce it if it breaches this level, or face a fine of up to 0.1% of GDP.

The countries coloured in yellow, orange or red, are currently in breach of this rule, according to the latest data from Eurostat. With most of those still overspending by 3% of GDP a year or more, there could be a lot of penalty tickets being issued.